JPMorgan Chase & Co. Raises Stock Holdings in Dycom Industries, Inc. $DY

JPMorgan Chase & Co. grew its position in shares of Dycom Industries, Inc. (NYSE:DY) by 7.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 131,312 shares of the construction company’s stock after acquiring an additional 9,531 shares during the quarter. JPMorgan Chase & Co. owned about 0.45% of Dycom Industries worth $32,091,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DY. AlphaQuest LLC bought a new position in Dycom Industries during the first quarter valued at $37,000. Federated Hermes Inc. raised its position in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after buying an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Dycom Industries by 370.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock valued at $92,000 after acquiring an additional 478 shares during the last quarter. GAMMA Investing LLC grew its position in Dycom Industries by 83.1% in the second quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock worth $172,000 after acquiring an additional 320 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Dycom Industries during the second quarter worth approximately $206,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Up 1.3%

Shares of DY opened at $354.45 on Wednesday. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 1.83 and a beta of 1.36. The company has a 50-day moving average of $299.98 and a 200 day moving average of $267.85. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $364.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $2.68 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, research analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analysts Set New Price Targets

DY has been the subject of a number of recent research reports. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. DA Davidson lifted their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. B. Riley increased their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Raymond James Financial lifted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 21st. Finally, Bank of America upped their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $371.25.

Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.